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Old 27-02-2016, 12:36 AM   #3
doody_
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Join Date: Nov 2006
Posts: 7,387
I read the website, dont understand what does counter 1 2 3 etc means? How it works
Check out the FAQ.

Basically, after every month, you get 1 counter. 1 counter = 0.1% interest. The maximum is 12 counters which will take you 12 months to obtain.

Base interest = 80% of 1-month SIBOR = 80% x 1.11950 = 0.90% (estimated)

1st month i/r = 0.9%
2nd month i/r = 0.9% + 0.1%
3rd month i/r = 0.9% + 0.2%
...
13th month i/r = 0.9% + 1.2%


Seems to be a pretty good deal but hope more people here can take a look and see if this "deal" is too good to be true.
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